#GAReads | Women CEOs on how they smashed the glass ceiling
The number of women leading Fortune 500 companies in 2017 broke a record at 6.4%, or 32 women in the top spot at companies on the list. But when the 2018 list was released in May, that number toppled with just 4.8% of listed companies led by women.
“Women in the Workplace 2018,” a report McKinsey & Company and LeanIn.org found troubling data well before women reach the top. Women earn more bachelor’s degrees than men, and ask for promotions, negotiate compensation, and stay in the workforce at the same rates as men. But, they’re also less likely to be hired for manager roles and face a bigger gap when it comes to being promoted into manager roles. For every 100 men promoted to manager, just 79 women are. And the news is worse for women of color. “Most notably, for every 100 men promoted to manager, 60 black women are,” the report found. Largely because of these gender gaps, men end up holding 62% of manager positions, while women hold only 38%.